Go International To Diversify And Protect Wealth

SBTV asks David Drummond of Georgetown Trust about gold self-directed Individual Retirement Accounts (IRAs) and the benefits of going international/offshore to diversify wealth in times of economic uncertainty.

Discussed in this interview:00:53 What is a Self-Directed IRA?02:08 Difference between an IRA Custodian and an IRA Administrator03:34 Difference between a 401K, Roth IRA and Self-Directed IRA?05:35 What does it mean to go international/offshore?08:04 Favorable jurisdictions and second passports13:10 Benefits of having international bank accounts16:38 Governments poking around in foreign bank accounts22:43 Holding gold offshore to diversify wealth24:46 Self-directed gold and silver IRA27:25 Any restrictions to the type of gold and silver that can be bought with IRA29:26 Asset protection for business owners33:33 Offshore LLC vs International Business Company(IBC)38:39 Foreign earning income exclusion(FEIE)

My passion is understanding causes and effects within complex system / environments of all kinds. As a native German who partially grew up in Italy and England, spent 12 years in the United States ...
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My passion is understanding causes and effects within complex system / environments of all kinds. As a native German who partially grew up in Italy and England, spent 12 years in the United States and choose to settle in Singapore I am fascinated how people are shaped by their environments and how people and necessities shape systems that ultimately determine their environment.